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Obsessed with share price/acquisitions, employees come 2nd - Senior Manager IHS Markit Employee Review

2.0
13 Mar 2017
Recommend
CEO approval
Business outlook

Pros

Some good, intelligent people worked at IHS but generally their skills and talents were not recognised or put to best use. Most of the best people were looking for their next opportunity and see IHS as a stepping-stone. Share plan and WFH options are nice but nothing out of the ordinary in the 21st century economy.

Cons

The company was run like a cult with lots of corporate jargon thrown around that means little in practice. Jerre Stead was an uber-Christian type and sold himself as a man of the people, but the exec's interest in what was going on at the lower levels of the company was minimal and limited to Jerre's special inspirational "quotes" that would appear on the intranet and were a source of general mirth in the office. Hopefully the Markit merger will bring a fresh, more innovative culture to IHS but it would be a big leap. The company suffered from extreme silo-isation, new acquisitions were never properly integrated and were generally done to boost the share price. There is huge potential among all the variety of expertise and products to create something new and valuable but in practice any collaboration was discouraged by people defending their own territories. Cross-selling of products across business lines was barely attempted, and to make matters worse sales people often had minimal knowledge of complex technical products they were meant to sell. Subscription renewals were being lost for entirely preventable reasons. In short, very little logical structure internally, the best they could do was tell you the company had a 'matrix' structure (code for 'it's up to you to make sense of it and reach out to colleagues around the world'); very little incentive to go above and beyond existing job description and attempt to innovate. Atmosphere was for the most part quiet and not exactly negative, but not overwhelmingly positive either. It didn't help that as soon as there was any dip in the share price or perceived under-performance, everyone knew that travel budgets would be frozen indefinitely and people would be fired (or encouraged to leave, or not replaced if they left, increasing the workload on everyone else). It was a very, very short-sighted strategy that saw cost-cutting as the only way to boost financial results/share price, whereas in fact this only aggravated existing problems and closed off avenues that could have brought in revenue in the longer term.

Explore other reviews about IHS Markit

5.0
2 Jan 2023
Recommend
CEO approval
Business outlook

Pros

great company .. good work culture.

Cons

no cons. all good at IHS.

2.0
20 Feb 2016
Recommend
CEO approval
Business outlook

Pros

A technology company so far behind that there is always interesting projects going on. In the past year executive leadership seems to have some focus and it does not feel like organization ADD. Benefits are very competitive.

Cons

A very consistent pattern of RIF's every few months. It is interesting that it is not always the lower performers, be very careful expressing an opinion for progress to middle management or you will very likely find yourself on the next RIF list. This is a management team that thinks they know it all. There are very few examples of leaders in this group, most are bosses, will make sure to tell you how to do the job. If you are coming in make sure to get a very good understanding of the expectation of role and responsibilities. If you are skilled you will be taken advantage of and asked to contribute at higher grade levels but performance and advancement is very subjective and there is no transparency in organizations like IT about what it takes to move to next levels. Unless of course you are playing that middle management stroking feathers game right..

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